DAKTRONICS INC (DAKT) Stock Fundamental Analysis
NASDAQ:DAKT - Nasdaq - US2342641097 - Common Stock - Currency: USD
Taking everything into account, DAKT scores 5 out of 10 in our fundamental rating. DAKT was compared to 125 industry peers in the Electronic Equipment, Instruments & Components industry. DAKT is in great health and has no worries on liquidiy or solvency at all, but the profibility rating is only average. DAKT has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
DAKT had positive earnings in the past year.
In the past year DAKT had a positive cash flow from operations.
DAKT had positive earnings in 4 of the past 5 years.
DAKT had a positive operating cash flow in 4 of the past 5 years.
1.2 Ratios
DAKT has a Return On Assets (-2.01%) which is in line with its industry peers.
With a Return On Equity value of -3.72%, DAKT perfoms like the industry average, outperforming 47.20% of the companies in the same industry.
DAKT's Return On Invested Capital of 6.41% is fine compared to the rest of the industry. DAKT outperforms 69.60% of its industry peers.
The Average Return On Invested Capital over the past 3 years for DAKT is in line with the industry average of 9.30%.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.01% | ||
| ROE | -3.72% | ||
| ROIC | 6.41% |
ROA(3y)2%
ROA(5y)1.81%
ROE(3y)4.72%
ROE(5y)4.02%
ROIC(3y)9.83%
ROIC(5y)7.08%
1.3 Margins
DAKT has a Operating Margin of 4.38%. This is in the better half of the industry: DAKT outperforms 60.80% of its industry peers.
In the last couple of years the Operating Margin of DAKT has grown nicely.
DAKT has a Gross Margin of 25.84%. This is comparable to the rest of the industry: DAKT outperforms 42.40% of its industry peers.
In the last couple of years the Gross Margin of DAKT has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 4.38% | ||
| PM (TTM) | N/A | ||
| GM | 25.84% |
OM growth 3Y88.4%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.6%
GM growth 5Y2.56%
2. Health
2.1 Basic Checks
DAKT has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for DAKT has been increased compared to 1 year ago.
Compared to 5 years ago, DAKT has more shares outstanding
Compared to 1 year ago, DAKT has an improved debt to assets ratio.
2.2 Solvency
DAKT has an Altman-Z score of 4.81. This indicates that DAKT is financially healthy and has little risk of bankruptcy at the moment.
The Altman-Z score of DAKT (4.81) is better than 72.80% of its industry peers.
DAKT has a debt to FCF ratio of 0.15. This is a very positive value and a sign of high solvency as it would only need 0.15 years to pay back of all of its debts.
DAKT has a better Debt to FCF ratio (0.15) than 86.40% of its industry peers.
DAKT has a Debt/Equity ratio of 0.04. This is a healthy value indicating a solid balance between debt and equity.
DAKT has a Debt to Equity ratio of 0.04. This is comparable to the rest of the industry: DAKT outperforms 60.00% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.15 | ||
| Altman-Z | 4.81 |
ROIC/WACC0.73
WACC8.82%
2.3 Liquidity
A Current Ratio of 2.22 indicates that DAKT has no problem at all paying its short term obligations.
DAKT's Current ratio of 2.22 is in line compared to the rest of the industry. DAKT outperforms 46.40% of its industry peers.
DAKT has a Quick Ratio of 1.60. This is a normal value and indicates that DAKT is financially healthy and should not expect problems in meeting its short term obligations.
The Quick ratio of DAKT (1.60) is comparable to the rest of the industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 2.22 | ||
| Quick Ratio | 1.6 |
3. Growth
3.1 Past
The earnings per share for DAKT have decreased strongly by -31.93% in the last year.
The Earnings Per Share has been growing by 55.18% on average over the past years. This is a very strong growth
DAKT shows a decrease in Revenue. In the last year, the revenue decreased by -7.53%.
Measured over the past years, DAKT shows a small growth in Revenue. The Revenue has been growing by 4.44% on average per year.
EPS 1Y (TTM)-31.93%
EPS 3Y100.83%
EPS 5Y55.18%
EPS Q2Q%-33.33%
Revenue 1Y (TTM)-7.53%
Revenue growth 3Y7.38%
Revenue growth 5Y4.44%
Sales Q2Q%-20.07%
3.2 Future
DAKT is expected to show a strong growth in Earnings Per Share. In the coming years, the EPS will grow by 22.93% yearly.
Based on estimates for the next years, DAKT will show a small growth in Revenue. The Revenue will grow by 5.83% on average per year.
EPS Next Y18.37%
EPS Next 2Y22.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue Next Year4.86%
Revenue Next 2Y5.83%
Revenue Next 3YN/A
Revenue Next 5YN/A
3.3 Evolution
Although the future EPS growth is still strong, it is not able to hold up the even more excellent growth rate of the past years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
Based on the Price/Earnings ratio of 20.86, the valuation of DAKT can be described as rather expensive.
Based on the Price/Earnings ratio, DAKT is valued a bit cheaper than 78.40% of the companies in the same industry.
DAKT is valuated rather cheaply when we compare the Price/Earnings ratio to 27.45, which is the current average of the S&P500 Index.
Based on the Price/Forward Earnings ratio of 17.63, the valuation of DAKT can be described as rather expensive.
Based on the Price/Forward Earnings ratio, DAKT is valued a bit cheaper than 77.60% of the companies in the same industry.
The average S&P500 Price/Forward Earnings ratio is at 21.90. DAKT is around the same levels.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.86 | ||
| Fwd PE | 17.63 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, DAKT is valued a bit cheaper than the industry average as 72.80% of the companies are valued more expensively.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of DAKT indicates a rather cheap valuation: DAKT is cheaper than 90.40% of the companies listed in the same industry.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 11.31 | ||
| EV/EBITDA | 14.15 |
4.3 Compensation for Growth
The PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
DAKT's earnings are expected to grow with 22.93% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.14
PEG (5Y)0.38
EPS Next 2Y22.93%
EPS Next 3YN/A
5. Dividend
5.1 Amount
DAKT does not give a dividend.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
16.9
+0.45 (+2.74%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & Components
Earnings (Last)
Earnings (Next)
Inst Owners66.79%
Inst Owner Change13.99%
Ins Owners1.71%
Ins Owner Change0.65%
Market Cap884.55M
Analysts85
Price Target21.08 (24.73%)
Short Float %4.72%
Short Ratio4.81
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | N/A |
Yearly DividendN/A
Dividend Growth(5Y)N/A
DP0%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)-36.57%
Min EPS beat(2)-88.23%
Max EPS beat(2)15.09%
EPS beat(4)3
Avg EPS beat(4)-4.56%
Min EPS beat(4)-88.23%
Max EPS beat(4)32.35%
EPS beat(8)6
Avg EPS beat(8)41.38%
EPS beat(12)N/A
Avg EPS beat(12)N/A
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)0
Avg Revenue beat(2)-13.43%
Min Revenue beat(2)-14.08%
Max Revenue beat(2)-12.78%
Revenue beat(4)1
Avg Revenue beat(4)-7.32%
Min Revenue beat(4)-14.08%
Max Revenue beat(4)0.82%
Revenue beat(8)3
Avg Revenue beat(8)-3.16%
Revenue beat(12)6
Avg Revenue beat(12)-0.4%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)0%
PT rev (3m)-18.42%
EPS NQ rev (1m)0%
EPS NQ rev (3m)0%
EPS NY rev (1m)0%
EPS NY rev (3m)-11.45%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)0%
Revenue NY rev (1m)0%
Revenue NY rev (3m)-3.79%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 20.86 | ||
| Fwd PE | 17.63 | ||
| P/S | 1.17 | ||
| P/FCF | 11.31 | ||
| P/OCF | 9.05 | ||
| P/B | 3.25 | ||
| P/tB | 3.3 | ||
| EV/EBITDA | 14.15 |
EPS(TTM)0.81
EY4.79%
EPS(NY)0.96
Fwd EY5.67%
FCF(TTM)1.49
FCFY8.84%
OCF(TTM)1.87
OCFY11.05%
SpS14.45
BVpS5.2
TBVpS5.12
PEG (NY)1.14
PEG (5Y)0.38
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | -2.01% | ||
| ROE | -3.72% | ||
| ROCE | 10.01% | ||
| ROIC | 6.41% | ||
| ROICexc | 10.43% | ||
| ROICexgc | 10.63% | ||
| OM | 4.38% | ||
| PM (TTM) | N/A | ||
| GM | 25.84% | ||
| FCFM | 10.34% |
ROA(3y)2%
ROA(5y)1.81%
ROE(3y)4.72%
ROE(5y)4.02%
ROIC(3y)9.83%
ROIC(5y)7.08%
ROICexc(3y)13.17%
ROICexc(5y)9.6%
ROICexgc(3y)13.4%
ROICexgc(5y)9.86%
ROCE(3y)15.35%
ROCE(5y)11.06%
ROICexcg growth 3Y101.31%
ROICexcg growth 5YN/A
ROICexc growth 3Y103.2%
ROICexc growth 5YN/A
OM growth 3Y88.4%
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y10.6%
GM growth 5Y2.56%
F-Score5
Asset Turnover1.5
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 0.04 | ||
| Debt/FCF | 0.15 | ||
| Debt/EBITDA | 0.2 | ||
| Cap/Depr | 99.73% | ||
| Cap/Sales | 2.58% | ||
| Interest Coverage | 10.8 | ||
| Cash Conversion | 185.54% | ||
| Profit Quality | N/A | ||
| Current Ratio | 2.22 | ||
| Quick Ratio | 1.6 | ||
| Altman-Z | 4.81 |
F-Score5
WACC8.82%
ROIC/WACC0.73
Cap/Depr(3y)112.4%
Cap/Depr(5y)103.16%
Cap/Sales(3y)2.67%
Cap/Sales(5y)2.6%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-31.93%
EPS 3Y100.83%
EPS 5Y55.18%
EPS Q2Q%-33.33%
EPS Next Y18.37%
EPS Next 2Y22.93%
EPS Next 3YN/A
EPS Next 5YN/A
Revenue 1Y (TTM)-7.53%
Revenue growth 3Y7.38%
Revenue growth 5Y4.44%
Sales Q2Q%-20.07%
Revenue Next Year4.86%
Revenue Next 2Y5.83%
Revenue Next 3YN/A
Revenue Next 5YN/A
EBIT growth 1Y-61.98%
EBIT growth 3Y102.3%
EBIT growth 5YN/A
EBIT Next Year85.54%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y69.08%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y54.51%
OCF growth 3YN/A
OCF growth 5Y55.32%